BellRing Q2 2021 Earnings Report
Key Takeaways
BellRing Brands reported a 9.6% increase in net sales to $282.1 million compared to the prior year period. Operating profit was $15.6 million, and net earnings available to Class A common stockholders were $0.6 million. The company raised its full-year net sales guidance to $1.17-$1.20 billion and adjusted EBITDA guidance to $214-$220 million.
Net sales increased by 9.6% to $282.1 million.
Operating profit was $15.6 million.
Net earnings available to Class A common stockholders totaled $0.6 million.
Fiscal year 2021 net sales guidance was raised to $1.17-$1.20 billion.
BellRing
BellRing
BellRing Revenue by Segment
Forward Guidance
BellRing management has raised its guidance range for net sales to $1.17-$1.20 billion from $1.07-$1.12 billion and Adjusted EBITDA to $214-$220 million from $207-$217 million (resulting in net sales and Adjusted EBITDA growth of 18%-21% and 9%-12%, respectively, over fiscal year 2020).
Positive Outlook
- Net sales guidance raised to $1.17-$1.20 billion.
- Adjusted EBITDA guidance raised to $214-$220 million.
- Expects net sales growth of 18%-21% over fiscal year 2020.
- Expects Adjusted EBITDA growth of 9%-12% over fiscal year 2020.
- Fiscal year 2021 capital expenditures of approximately $4 million.